sniperz

Bullish n Bearish Divergences

sniperz Updated   
BITFINEX:BTCUSD   Bitcoin
BTCUSD chart on 4 hour time frame showing bullish and bearish divergences

Chart itself is self explanatory

You can a bullish divergence right now and then a green spike.

We still have to break the blue trendline to break free of the current down trend.
Comment:
Bullish divergence in effect

But now price is hitting the top blue trendline
will have to wait and see if it can break that

Comment:

Bearish div forming.
Also hitting a resistance marked in black rectangle

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